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When Apple's Cash Comes Home

机译:当苹果的现金回家时

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Farewell, Ireland: It looks like corporate America will finally bring that cash home. For years, the likes of Apple Inc. and Microsoft Corp. have stashed billions of dollars offshore to slash their U.S. tax bills. Now the tax code rewrite could throw that into reverse. Multinationals will have to pay a one-time tax on income they've accumulated abroad, while paying a lower rate than they would have owed before. The great onshoring could prompt the companies-which actually park much of their overseas profits not in foreign assets but in Treasuries and U.S. corporate bonds-to lighten up on fixed-income investments and use the money to goose their stock prices. Think buy-backs and dividends.
机译:爱尔兰告别:看来美国公司最终将把这笔钱带回家。多年来,苹果公司(Apple Inc.)和微软公司(Microsoft Corp.)之类的公司已经在海外积蓄了数十亿美元,以大幅削减其美国税单。现在,税法代码的改写可能会使情况倒退。跨国公司将不得不为其在国外积累的收入缴纳一次性税,同时缴纳的税率将比以前低。大量的外包活动可能会促使这些公司减少海外固定收益投资,并用这些钱来提高股价,这些公司实际上将其大部分海外利润而不是外国资产,而是存放在美国国债和美国公司债券上。考虑回购和股息。

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